Chuhang Technology has shipped 420,000 pieces in total, with a valuation of over 2 billion

As of the end of 2022, Chuhang Technology has cooperated with 35 car companies, obtained 56 designated projects, and achieved mass production of 11 models, with a cumulative shipment of 420,000 units and a total order amount of several hundred million yuan. Chuhang Technology's 77GHz corner radar is a fully domestically produced independent innovation perception product. The product has now completed four iterations and has two core products: 77GHz passenger car corner radar and 77GHz commercial vehicle blind spot detection corner radar (triangle radar). SAIC Hongyan Commercial Vehicle's 77GHz corner radar front-mounted designated project is the first domestic trunk logistics intelligent heavy-duty truck designated project, marking that Chuhang Technology has taken the lead in realizing commercialization in the field of domestic commercial vehicle autonomous driving. After nearly five years of rapid development, Chuhang Technology has completed six rounds of financing with a valuation of over 2 billion. Chuhang Technology's headquarters is now located in Nanjing Jiangbei New District, and it has established subsidiaries in Munich, Germany, Shanghai, Hefei and other places. At the same time, a production base with three major certification systems, IATF16949, ISO45001, and ISO14001, has been built in Anqing, with an annual production capacity of 1.8 million units. Chuhang Technology's smart factory in Anting, Shanghai, also broke ground in June 2022. The factory will build 8-12 new radar production lines with an annual production capacity of 5 million units to connect with more automotive-grade and consumer-grade platform projects. It is expected to be completed by the end of 2023.